You can keep your stock options, corporate board members are saying. We'll take cash, please.
That's the conclusion of the latest Towers Watson report on corporate director compensation. The study took a look at nearly 500 proxies filed by public companies in 2011 and in 2012, and noticed that overall director compensation grew less in 2012 (3 percent) than in 2011 (5 percent).
The study also found that stock-based compensation was static year-to-year, while cash compensation increased by 8 percent in 2012 over 2011.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
